ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2022
October 2022Third Quarterly Report 2022
Stock Code: 000596 200596 Stock Name: Gujing Distillery Gujing Distillery-B Announcement No. 2022-033
ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2022
Anhui Gujing Distillery Company Limited (hereinafter referred to as the “Company”) and all
the members of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true accurate and complete and free of any misrepresentations misleading
statements or material omissions.Important Notes:
1. The Board of Directors (or the “Board”) the Supervisory Committee as well as the directors supervisors and senior management
of the Company hereby guarantee that the contents of this Report are true accurate and complete and free of any misrepresentations
misleading statements or material omissions and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative Chief Accountant and head of the financial department (equivalent to financial manager)
hereby guarantee that the financial statements carried in this Report are truthful accurate and complete.
3. Indicate by tick mark whether the financial statements in this Report have been audited by an independent auditor.
□Yes □ No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.□Applicable □ Not applicable
Q3 2022 YoY change (%) Q1-Q3 2022 YoY change (%)
Operating revenue
3762643542.4421.58%12764649465.8626.35%
(RMB)
Net profit attributable
to the listed company’s 703868180.94 19.27% 2622689684.69 33.20%
shareholders (RMB)
Net profit attributable
to the listed company’s
shareholders before 689133927.04 22.32% 2578160978.10 35.57%
exceptional gains and
losses (RMB)
2Third Quarterly Report 2022
Net cash generated
from/used in operating — — 5062733437.72 28.08%
activities (RMB)
Basic earnings per
1.3319.82%4.9628.83%
share (RMB/share)
Diluted earnings per
1.3319.82%4.9628.83%
share (RMB/share)
Weighted average
3.99%0.28%14.69%-0.84%
return on equity (%)
30 September 2022 31 December 2021 Change (%)
Total assets (RMB) 30808452084.25 25418086447.80 21.21%
Equity attributable to
the listed company’s 17995930595.42 16537389443.64 8.82%
shareholders (RMB)
(II) Exceptional Gains and Losses
□ Applicable □ Not applicable
Unit: RMB
Item Q3 2022 Q1-Q3 2022 Note
Gain or loss on disposal of
non-current assets (inclusive
-248504.05-204692.54
of impairment allowance
write-offs)
Government grants through
profit or loss (exclusive of
government grants
continuously given in the
Company’s ordinary course of 13126731.43 39335812.58
business at fixed quotas or
amounts as per the
government’s policies and
standards)
Gain or loss on fair-value
changes on held-for-trading
financial assets and liabilities
& income from disposal of
-3680291.77-2300565.47
held-for-trading financial
assets and liabilities and
available-for-sale financial
assets (exclusive of the
3Third Quarterly Report 2022
effective portion of hedges
that arise in the Company’s
ordinary course of business)
Reversed portions of
impairment allowances for
35092.78423337.78
receivables which are tested
individually for impairment
Non-operating income and
12702241.4929487555.90
expense other than the above
Less: Income tax effects 5229809.52 15988456.56
Non-controlling
1971206.466224285.10
interests effects (net of tax)
Total 14734253.90 44528706.59 --
Other items that meet the definition of exceptional gain/loss:
□Applicable □ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable □ Not applicable
No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation
□ Applicable □ Not applicable
30 September 2022 31 December 2021
Balance sheet items Change (%) Main reason for change
(RMB) (RMB)
Monetary assets 17034246172.96 11924922771.76 42.85% Increased sales orders
Disinvestment in wealth
Held-for-trading financial
200176921.61 2661103876.68 -92.48% management products upon
assets
maturity
Increased notes received for the
Receivables financing 1412330145.53 545204103.42 159.05%
sale of products
Other receivables 118259178.69 71753212.24 64.81% Increased security deposits paid
Investment property 13619741.09 4075801.06 234.16% Properties leased out
The main reasons are the increase
of unrecognized expenses and the
Other current liabilities 1678580358.74 799522562.60 109.95%
reclassification of sales tax to be
transferred
Contract liabilities 3763129954.00 1825447705.85 106.15% Increased sales orders
4Third Quarterly Report 2022
Settlement of notes payable upon
Notes payable 38600000.00 127114336.16 -69.63%
maturity
Income statement items Q1-Q3 2022 (RMB) Q1-Q3 2021 (RMB) Change (%) Main reason for change
Reversal of impairments of
Asset impairment loss 4343131.74 2464519.26 76.23%
packaging materials
Operating profit 3628606316.21 2659777537.77 36.43% Increased sales revenue
Income tax expense 948457721.36 678416189.86 39.80% Increased gross profit
Net profit 2708722768.34 2028472869.04 33.54% Increased sales revenue
Cash flow statement items Q1-Q3 2022 (RMB) Q1-Q3 2021 (RMB) Change (%) Main reason for change
Disinvestment in wealth
Subtotal of cash generated
8170066737.45 409691859.07 1894.20% management products upon
from investing activities
maturity
Subtotal of cash generated Private placement in the same
66000000.005138157169.81-98.72%
from financing activities period of last year
Disinvestment in wealth
Cash and cash equivalents
14297082879.84 6471521082.34 120.92% management products upon
end of the period
maturity
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preference
Number of ordinary shareholders 23920 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Restricted shares Shares in pledge marked or frozen
Total shares held
shareholder shareholder percentage held Status Shares
ANHUI GUJING
GROUP State-owned legal
51.27% 271025622 In pledge 114000000
COMPANY person
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
Other 2.63% 13896528
CHINA
SECURITIES
LIQUOR INDEX
5Third Quarterly Report 2022
CLASSIFICATI
ON
SECURITIES
INVESTMENT
FUND
GAOLING Foreign legal
2.35%12446408
FUNDL.P. person
INDUSTRIAL
AND
COMMERCIAL
BANK OF
CHINA
LIMITED-
INVESCO
Other 1.89% 9999951
GREAT WALL
EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
FUND
AGRICULTURA
L BANK OF
CHINA － E
FUND
CONSUMPTION
Other 1.77% 9339957
SECTOR
STOCK
SECURITIES
INVESTMENT
FUND
HONG KONG
SECURITIES Foreign legal
1.62%8571964
CLEARING person
COMPANY LTD.CHINA
INTERNATION
AL CAPITAL
Foreign legal
CORPORATION 1.42% 7516258
person
HONG KONG
SECURITIES
LTD
6Third Quarterly Report 2022
UBS
(LUX) EQUITY
Foreign legal
FUND - CHINA 1.41% 7451261
person
OPPORTUNITY
(USD)
BANK OF
CHINA-
INVESCO
GREAT WALL
DINGYI Other 0.95% 4995403
HYBRID
SECURITIES
INVESTMENT
FUND (LOF)
GREENWOODS
Foreign legal
CHINA ALPHA 0.87% 4614326
person
MASTER FUND
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted ordinary shares held
Class Shares
ANHUI GUJING GROUP RMB-denominate
271025622271025622
COMPANY LIMITED d ordinary share
BANK OF CHINA-CHINA
MERCHANTS CHINA
RMB-denominate
SECURITIES LIQUOR INDEX 13896528 13896528
d ordinary share
CLASSIFICATION SECURITIES
INVESTMENT FUND
Domestically
GAOLING FUNDL.P. 12446408 listed foreign 12446408
share
INDUSTRIAL AND
COMMERCIAL BANK OF CHINA
LIMITED- INVESCO GREAT RMB-denominate
99999519999951
WALL EMERGING GROWTH d ordinary share
HYBRID SECURITIES
INVESTMENT FUND
AGRICULTURAL BANK OF
CHINA － E FUND
RMB-denominate
CONSUMPTION SECTOR STOCK 9339957 9339957
d ordinary share
SECURITIES INVESTMENT
FUND
7Third Quarterly Report 2022
HONG KONG SECURITIES RMB-denominate
85719648571964
CLEARING COMPANY LTD. d ordinary share
CHINA INTERNATIONAL Domestically
CAPITAL CORPORATION HONG 7516258 listed foreign 7516258
KONG SECURITIES LTD share
UBS Domestically
(LUX) EQUITY FUND - CHINA 7451261 listed foreign 7451261
OPPORTUNITY (USD) share
BANK OF CHINA- INVESCO
GREAT WALL DINGYI HYBRID RMB-denominate
49954034995403
SECURITIES INVESTMENT d ordinary share
FUND (LOF)
Domestically
GREENWOODS CHINA ALPHA
4614326 listed foreign 4614326
MASTER FUND
share
Among the shareholders above the Company’s controlling shareholder—Anhui Gujing
Group Company Limited—is not a related party of other shareholders; nor are they parties
acting in concert as defined in the Administrative Measures on Information Disclosure of
Related or acting-in-concert parties
Changes in Shareholding of Listed Companies. As for the other shareholders the Company
among the shareholders above
does not know whether they are related parties or whether they belong to parties acting in
concert as defined in the Administrative Measures on Information Disclosure of Changes in
Shareholding of Listed Companies.Since October 2021 the Company's controlling shareholder Gujing Group has conducted the
Top 10 shareholders engaged in
business of "Refinancing by Lending Securities" and as of 30 September 2022 378400 lent
securities margin trading (if any)
shares were outstanding with no transfer of the ownership of these shares.(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable □ Not applicable
III Other Significant Events
□Applicable □ Not applicable
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Anhui Gujing Distillery Company Limited
30 September 2022
Unit: RMB
8Third Quarterly Report 2022
Item 30 September 2022 1 January 2022
Current assets:
Monetary assets 17034246172.96 11924922771.76
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 200176921.61 2661103876.68
Derivative financial assets
Notes receivable
Accounts receivable 61078319.28 89005804.17
Receivables financing 1412330145.53 545204103.42
Prepayments 131437463.55 156570970.99
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 118259178.69 71753212.24
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale
agreements
Inventories 5165801817.67 4663456672.30
Contract assets 3920884.42 0.00
Assets held for sale
Current portion of non-current assets
Other current assets 167671584.22 178222222.56
Total current assets 24294922487.93 20290239634.12
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 9359147.66 5312600.78
Investments in other equity instruments 57873426.31 54542418.50
Other non-current financial assets
Investment property 13619741.09 4075801.06
Fixed assets 2167040215.13 1984063975.87
Construction in progress 2067821794.84 1064134904.21
Productive living assets
Oil and gas assets
Right-of-use assets 36197795.02 43927228.97
9Third Quarterly Report 2022
Intangible assets 1101079327.44 1063468842.61
Development costs
Goodwill 561364385.01 561364385.01
Long-term prepaid expense 54984652.31 55908338.03
Deferred income tax assets 442672311.51 283828000.24
Other non-current assets 1516800.00 7220318.40
Total non-current assets 6513529596.32 5127846813.68
Total assets 30808452084.25 25418086447.80
Current liabilities:
Short-term borrowings 30029027.77 30035138.89
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 38600000.00 127114336.16
Accounts payable 1333479945.31 1020437321.89
Advances from customers
Contract liabilities 3763129954.00 1825447705.85
Financial assets sold under repurchase
agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable 717463382.24 709671787.74
Taxes and levies payable 1137448938.87 873270986.71
Other payables 2874549852.23 2280937078.12
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
43881135.1513190399.32
liabilities
Other current liabilities 1678580358.74 799522562.60
Total current liabilities 11617162594.31 7679627317.28
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 83849870.66 172356255.83
Bonds payable
10Third Quarterly Report 2022
Including: Preference shares
Perpetual bonds
Lease liabilities 20223825.38 28107223.18
Long-term payables
Long-term employee benefits payable
Provisions
Deferred income 98861681.24 91101512.05
Deferred income tax liabilities 183833592.73 194033257.93
Other non-current liabilities
Total non-current liabilities 386768970.01 485598248.99
Total liabilities 12003931564.32 8165225566.27
Owners’ equity:
Share capital 528600000.00 528600000.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 6224747667.10 6224747667.10
Less: Treasury stock
Other comprehensive income -3963591.10 -2735058.19
Specific reserve
Surplus reserves 269402260.27 269402260.27
General reserve
Retained earnings 10977144259.15 9517374574.46
Total equity attributable to owners of the
17995930595.4216537389443.64
Company as the parent
Non-controlling interests 808589924.51 715471437.89
Total owners’ equity 18804520519.93 17252860881.53
Total liabilities and owners’ equity 30808452084.25 25418086447.80
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Revenues 12764649465.86 10102272382.54
Including: Operating revenue 12764649465.86 10102272382.54
Interest income
Insurance premium income
Fee and commission income
2. Costs and expenses 9154472902.48 7482458725.55
Including: Cost of sales 3011925609.00 2419835477.14
11Third Quarterly Report 2022
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and levies 1960651152.86 1522415676.18
Selling expense 3623969601.99 2903172050.97
Administrative expense 734363784.44 747389656.18
Development costs 41679560.88 33094095.13
Finance costs -218116806.69 -143448230.05
Including: Interest
4155901.186694359.93
expense
Interest
221611375.12149666958.87
income
Add: Other income 39335812.58 40087717.90
Return on investment (“-” for loss) -21522470.03 -17000830.67
Including: Share of profit or loss
146546.88143708.70
of joint ventures and associates
Income from the derecognition
of financial assets at amortized cost (“-”
for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
-3361722.7511430111.14
for loss)
Credit impairment loss (“-” for loss) -1073688.58 1968827.69
Asset impairment loss (“-” for loss) 4343131.74 2464519.26
Asset disposal income (“-” for loss) 708689.87 1013535.46
3. Operating profit (“-” for loss) 3628606316.21 2659777537.77
Add: Non-operating income 39321949.96 52942882.45
Less: Non-operating expense 10747776.47 5831361.32
4. Gross profit (“-” for loss) 3657180489.70 2706889058.90
Less: Income tax expense 948457721.36 678416189.86
5. Net profit (“-” for net loss) 2708722768.34 2028472869.04
5.1 By operating continuity
12Third Quarterly Report 2022
5.1.1 Net profit from continuing
2708722768.342028472869.04
operations (“-” for net loss)
5.1.2 Net profit from discontinued
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
shareholders of the Company as the parent 2622689684.69 1968932387.74
(“-” for net loss)
5.2.2 Net profit attributable to
86033083.6559540481.30
non-controlling interests (“-” for net loss)
6. Other comprehensive income net of tax -143129.94 1189883.92
Attributable to owners of the Company
-1228532.91713930.35
as the parent
6.1 Items that will not be reclassified
1498953.52713930.35
to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
schemes
6.1.2 Other comprehensive income
that will not be reclassified to profit or
loss under the equity method
6.1.3 Changes in the fair value of
1498953.52713930.35
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
-2727486.430.00
profit or loss
6.2.1 Other comprehensive income
that will be reclassified to profit or loss
under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive income
arising from the reclassification of -2727486.43 0.00
financial assets
6.2.4 Credit impairment allowance
for other debt investments
6.2.5 Reserve for cash flow hedges
6.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
13Third Quarterly Report 2022
6.2.7 Other
Attributable to non-controlling interests 1085402.97 475953.57
7. Total comprehensive income 2708579638.40 2029662752.96
7.1 Attributable to owners of the
2621461151.781969646318.09
Company as the parent
7.2 Attributable to non-controlling
87118486.6260016434.87
interests
8. Earnings per share
8.1 Basic earnings per share 4.96 3.85
8.2 Diluted earnings per share 4.96 3.85
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Cash flows from operating activities:
Proceeds from sale of commodities and
13992713794.2411907897641.67
rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest fees and commissions received
Net increase in loans from other banks
and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 4225211.17 4051124.97
Cash generated from other operating
735658255.693610815913.86
activities
14Third Quarterly Report 2022
Subtotal of cash generated from operating
14732597261.1015522764680.50
activities
Payments for commodities and services 2056810320.53 1816278619.78
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks and
financial institutions
Interest fees and commissions paid
Policy dividends paid
Cash paid to and for employees 2333432357.97 2033419180.70
Taxes and levies paid 4097395265.60 2893034927.30
Cash used in other operating activities 1182225879.28 4827359690.59
Subtotal of cash used in operating
9669863823.3811570092418.37
activities
Net cash generated from/used in operating
5062733437.723952672262.13
activities
2. Cash flows from investing activities:
Proceeds from disinvestment 8167512732.49 406849809.53
Return on investment 1067121.16 1258650.24
Net proceeds from the disposal of fixed
assets intangible assets and other 1486883.80 1583399.30
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from investing
8170066737.45409691859.07
activities
Payments for the acquisition of fixed
assets intangible assets and other 1234207242.10 417254078.37
long-lived assets
Payments for investments 2514575094.67 444897000.00
Net increase in pledged loans granted
Net payments for the acquisition of
0.0065123508.25
subsidiaries and other business units
Cash used in other investing activities 0.00 6700000000.00
Subtotal of cash used in investing
3748782336.777627274586.62
activities
15Third Quarterly Report 2022
Net cash generated from/used in investing
4421284400.68-7217582727.55
activities
3. Cash flows from financing activities:
Capital contributions received 6000000.00 4962827169.81
Including: Capital contributions by
6000000.005280000.00
non-controlling interests to subsidiaries
Borrowings received 60000000.00 175330000.00
Cash generated from other financing
activities
Subtotal of cash generated from financing
66000000.005138157169.81
activities
Repayment of borrowings 130891054.01 261137703.59
Interest and dividends paid 1167345271.14 760762724.42
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing activities 12248812.01 16728887.78
Subtotal of cash used in financing
1310485137.161038629315.79
activities
Net cash generated from/used in financing
-1244485137.164099527854.02
activities
4. Effect of foreign exchange rates
changes on cash and cash equivalents
5. Net increase in cash and cash
8239532701.24834617388.60
equivalents
Add: Cash and cash equivalents
6057550178.605636903693.74
beginning of the period
6. Cash and cash equivalents end of the
14297082879.846471521082.34
period
(II) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes □ No
These financial statements have not been audited by such an auditor.Anhui Gujing Distillery Company Limited
Board of Directors
31 October 2022
16
